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20121027
20121027
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Search Results 0 to 38 of about 39 (some duplicates have been removed)
was gm-chrysler didn't have enough money to pay suppliers or employees, and by the time the government could have negotiated guaranteed with anybody that might step up to make a loan, those companies were out of the business. it is reality and he's showing why republicans never say i am sorry. it is ridiculous. >> steve, is rick right, that bankings were so bad shape they would have gone in bankruptcy and no one would have lent them money. >> in the fall of the 2008 there was a panic on government guarantees. but general motors and chrysler should have gone in controrsey. equity funds would be willing to get the assets. bankrupt nation and equity funds in greece are saying this is low price and we are come nothing and buying their bonds. >> even bain capital turned it down. the president said if we listened to romney you are buying foreign cars. what about chrysler isn't that a foreign car? >> of course we would be buying. >> is chrysler a foreign car company it is owned by fiat. >> all of the companies are world car companies. we are a global economy. the issue is should government gu
lie. earlier this week, chrysler's parent company announced that it's in talks to increase operations throughout the entire world. now as bloomberg news reported chrysler referred to adding jeep production sites rather than shifting output from north america to china. translation, chrysler is so flushed with cash they are looking to expand operations to other countries including the world's largest customer. today chrysler announced 1100 new jobs at its jeep assembly plant in detroit, michigan. but wait a minute, mitt romney he didn't say anything about that. you see mitt romney would be talking about job creation then and that's something he says that barack obama doesn't know anything about. chrysler responded to this controversy. i want you to pay close attention to what a corporation said about what mitt romney said. first they start out saying, let's set the record straight. jeep has no intention of shifting production of its jeep models out of north america to china. it's simply reviewing the opportunities to return jeep output to china for the world's largest auto market. u.s.
. the real jeep news that day was actually that chrysler announced they were adding 1100 new jobs in the u.s. here making jeeps in detroit. and chrysler says it could hire almost as many people at another plant in warren, michigan. chrysler is investing half a billion in its toledo plant. but mitt romney got up that said defiance, ohio and says they are moving all their jobs. it's embarrassing for mr. romney. why would mitt romney get up in front of 12,000 people in ohio and tell them the auto bailout hasn't helped you at all. your jobs are going to china. i read it somewhere. where's the story? we found it. he was apparently trolling the nether regions of the right-wing press. he found it on a washington examiner blog post, which reported, quote, jeep, an obama favorite, looks to shift production to china. a move that would crash the economy in toledo. this is a misreading of a bloomberg report that was reporting good news. global demand for jeep has risen to the point where they can sell more in china and wants to build jeeps for china in china. this is good news for an american company,
jobs, and not just at gm, chrysler and their dealerships, but in auto parts manufacturing all over the country. >> reporter: today the lords town plant churns out the chevrolet cruz, the country's best selling compaq car, to meet demands it's gone from one shift a day to three, and round-the-clock production. dave green is president of the local united auto workers union. >> but the whole economy will benefit from this because our parts suppliers, the people who work there are out shopping at the stores, they are paying tacks, you know, they're investing in their community. >> reporter: the auto industry employs one out of every eight workers in the state. youngstown is the largest city in the region and reaped many of the benefits. it's not just auto breathing new life into northeast ohio. in youngstown, the once declining steel industry has come back. and the evidence is french-owned bn m-star which makes field tube force natural gas drilling. the company chose youngstown for its $1 billion expansion. you might not think of ohio as an energy powerhouse, but it is on the verge of
debunked. he said chrysler was thinking about moving its jeep operations to china. that was despite the fact that chrysler had come out with a statement on its website saying no, that is not the case, they are not moving its operations of jeep over to china. so it is a sign that yes, they are concerned about that position on the auto bailout and he is getting pounded relentlessly on the airwaves with obama campaign ads talking about that very stance. >> brianna, you say the obama campaign is pleased with where they are in ohio. in terms of their ground game, in terms of the number of people they have on the ground in ohio, how does it compare to romney campaign? >> compared to the romney campaign, i think they would say that they are doing better in terms of their ground game. they say this about a lot of battleground states because they've had this in place for years now, since the last election, and it never really went away. so this is something they are emphasizing now and the strategy for president obama is really to show up, to visit. he will be traveling monday, tuesday, wedn
's prescription. he said if gm and chrysler had gone into a free fall bankruptcy, they would have taken the entire supply chain and auto agency with it. he said that in 2010. so that's really what -- >> speculation is not accurate. >> it is because there was no way that private capital were going to keep those companies alive into a chapter 11 reorganization. they would have gone into liquidation. we would have lost not only those two companies, but the supply chain. >> what he said, these are his words, the american auto industry is vital to our national interest as employer and hub for manufacturing, a managed bankruptcy may be the only path the industry needs. ultimately, isn't that what happened? a managed bankruptcy by the u.s. government. >> a lot of help by the u.s. government and they would have never gotten there. the group working on this, went to his old company and said would you put some money in this in front of the bankruptcy. they said no. i think the u.s. had to step in at that paint and the taxpayers are going to get all or most of their money back as a result. >> i don't know ab
company. a tx-free zone in china which means they can -- chrysler could set up shop. basically be part of that tax-fr area, and so that third advantage is a big tax advaage. neil: but think about what your saying. all makes perfect usiness sense, but the president in all of these debates with mitt romney has been saying you want to ship these jobs of the china. here we have bailed out of the company's who we were told, you get this money, save american jobs we literally are, after all of that, shipping those jobs to china. maybe the right and apparent big macro reasons, but to belittle mitt romney and to say that that is what you're all about, this isn't about casting aspersions on democrats or republicans. if it was a potential i think people would have said, no way in hell. that's what's happening. >> it's a classic example. with all due respect, president obama i obviously doesn't understand how our multinational company works. there is a board of directors, executives. they are responsible to shareholders to make wise decisions on how to run the operatiin. in fact, if there is a ch
of moving all production to china. i will fight for every good job in america. >> okay. so chrysler corporation then issues this statement. jeep has no intention of shifting production of its jeep models out of north america to china. it's simply reviewing the opportunities to return jeep output to china for the world's largest auto market. a careful and unbiassed reading of the bloomberg take would have saved unnecessary fantasies. so bloomberg had this piece about moving jobs to china. they weren't saying that. they were saying maybe they could expand and do some business in china. >> it's actually a success sorry. >> you have this giant corporation who is uninhibited about referring to what romney is saying about unnecessary fantasies. >> i've got to tell you i'm not polly an na here. but the way that mitt romney has run this campaign, has been disgusting. no regard for the facts. no regard for the truth. willing to say anything just as you were alluding to with john sununu, willing to say anything that serves his purpose at the moment and relying on the fact that he's not going
, was in favor of a managed bankruptcy for g.m. and chrysler. and so he's got to somehow get voters to look past that, that he would be a supportive president of union workers in this state. as you mentioned, governor romney is down in florida today. we are expected after this bus tour to head down there as well. but right now the polls are looking in the president's favor. the latest cnn poll has the president up 50-46. there's still some work to be done here but we can tell you that the folks who are showing up for these republican events are very energized, they are very enthused about their ticket. and now as a matter of seeing, alex, who's got the better ground game. democrats or republicans. we'll know in ten days. >> we will certainly indeed. thank you so much ron mott. safe travels on the bus tour. >>> next up we turn to nbc's kristin welker who's in new hampshire with the the president. hello to you, kristin. before we get to the president's campaign event there, is hurricane sandy affecting the white house plans at all? >> reporter: absolutely. it is affecting the white house plans. go
Search Results 0 to 38 of about 39 (some duplicates have been removed)

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